ព័ត៌មាន
ADB and World Bank Help Upgrade External Audit
ADB and World Bank have organized the training Audit workshop on the theme: “Strengthening quality of external audits of ADB and World Bank Funded Projects,” at Phnom Penh Hotel on 29 August 2011 aiming at increasing the auditors’ capacity to establish a good reporting statement ...
Most U.S. Firms Plan to Expand Business in SE Asia: Amcham
Eighty-five percent of U.S. companies in Southeast Asia plan to expand their business as the region will become more important in the next two years, the American Chamber of Commerce (AmCham) in Singapore said on Monday. “ASEAN continues to grow in importance for businesses in the ...
http://www.reuters.com/article/2011/09/05/us-firms-asia-idUSTRE78411L20110905
Laos Urges Cambodian Businesspeople to Invest More
President of Laos National Assembly, Her Excellency Pany Yathotou, on September 1st arrived here for the four-day official visit in order to strengthen bilateral cooperation between the neighboring countries “Both sides will exchange visits of the officials and lawmakers of National Assemblies to strengthen bonds and ...
Cambodia's special economic zones waiting for foreign investments
PHNOM PENH — Eight out of Cambodia’s 19 special economic zones (SEZ) are being operational across the country, while the rest are still waiting for both local and foreign investors, the data from Council for Development of Cambodia (CDC) showed on Saturday. The statistics showed that ...
http://www.asean-china-center.org/english/2011-09/05/c_131100346.htm
Natural Resources
Lists and describes protected areas and community forests in Cambodia, which may also be viewed on an interactive map. ...
Cambodia, South Korea Ties
Cambodia-Korea Alumni Association (CAMKAA) in cooperation with The Korea International Cooperation Agency (KOICA) Cambodia Office launched the 3rd Seminar on the “Exchange Experiences of the Cambodia Korea Alumni Association” on August 26th to observe the mutual cooperation between Cambodia-South Korea. Mr. Seng Setha, President of CAMKAA, ...
Inflation Will go Down Later this Year, Economy Minister Said
The Consumer Price Index increased by a total of 7.1 percent in June 2011 compared to the same period last year at the same time. Ministry of Economy and Finance expects that inflation would go down to 6.5 percent at the end of this year ...
Cambodia, Thailand Will Likely Resume Talks on Offshore Oil and Gas
Cambodia’s and Thailand’s governments will likely resume negotiations on offshore drilling for oil and gas which will bring mutual benefits of the area of overlapping maritime claims after Cambodia gave the green light for issues before the visit of new Thai foreign minister Surapong Tovichakchaikul ...
Rice Scheme Will Hurt Thais and Help Vietnam
Thailand–Consumers face prospect of high prices, low quality rice from Burma, Cambodia: TDRI. While consumers and taxpayers will suffer from the government’s controversial rice policy, Vietnam will substantially gain, the Thailand Development Research Institute (TDRI) has warned. Ammar Siamwalla, a prominent economist, yesterday asked the ...
Gov’t to Watch Shipments From Bird Flu-Hit Countries
Manila–Incoming bird and poultry shipments from countries affected by the highly pathogenic avian influenza (HPAI) will be seized and destroyed given concerns of a resurgence, the government said. The Agriculture department last Friday announce heightened surveillance at all ports of entry as well as the ...
24 More Faint at Dangkao District Garment Factory
Continuing the spate of mass fainting at Phnom Penh garment factories, 24 workers fainted at the Heart Enterprise factory on Friday, prompting the factory to shut down for the second time in a week, officials said. The Dangkao district garment factory had reopened on Friday ...
Moody’s Downgrades Acleda, Cites Risk
Ratings agency Moody’s changed its outlook on Acleda Bank’s financial strength yesterday to “negative” from “stable” and downgraded its rating of the bank’s local currency deposits to Ba2 from Ba1. The rating downgrade was applied due to changes in shareholders at the bank over the ...
Nine Companies Barred From State Projects for Not Paying Tax
The Ministry of Finanace in August barred nine local companies from working on government infrastructure projects for allegedly failing to pay tax owed on several projects funded by foreign money, government and company officials said yesterday. The move by Finance Minister Keat Chhon to freeze ...
Report Says Reforms Were Hard to Drill Home at Petrol Authority
The Cambodian National Petroleum Authority restricted vital information and failed to cooperate with consultants working for the Asian Development Bank who were deployed to the authority between 2007 and 2010 as part of a $1 million project to strengthen governance at the body, a new ...
World Bank Influence Curbed by ‘New’ Donors
The World Bank is losing influence in Cambodia to “emerging donors” and making no major headway in stemming corruption, the Bank’s Independent Evaluation Groups said in a report released Wednesday. Specifically focused on the World Bank;s 2007 anti-corruption initiative through 2010, the report uses six ...
Digging deep outside the law
Weak enforcement of mining laws excludes local communities from the decision-making process and smudges the revenue transparency, said George Boden, a campaigner at watchdog group Global Witness. Weak enforcement of mining laws excludes local communities from the decision-making process and smudges the revenue transparency, said ...
http://www.phnompenhpost.com/index.php/2011090251412/Business/digging-deep-outside-the-law.html
Exports to be unaffected by debt crisis
As Cambodian exports continue to grow, commerce officials predict sovereign debt crises in the United States and Europe will not threaten the sector. Total exports surged by more than 46 per cent to US$2.677 billion in the first seven months of the year, compared to ...
Fainting link to Canadian cold
Women who had fainted in a poorly ventilated garment factory on the outskirts of Phnom Penh on Wednesday morning were making winter coats to be sold at Walmart stores in Canada, it was revealed yesterday. Executives with Taiwanese-owned Heart Enterprise (Cambodia) Ltd also confirmed reports ...
Major bank downgrade
Moody’s Investors Service announced yesterday it had downgraded the credit rating of ACLEDA Bank, citing the departure of two of the bank’s major investors in as many years. The loss of a second big sharehol-der in the first half of this year had led to ...
http://www.phnompenhpost.com/index.php/2011090251414/Business/major-bank-downgrade.html
England Promises to Invest US$ 2.22 Billion in Cambodia
England promised to invest in Cambodian around US$ 2.22 billion make total investment projects in country during 7 month of the year increased up to US$ 5.5 billion, Council for Development of Cambodia (CDC)’s reported to the media. According to the report, in the first ...
U.S.-Cambodia Looking for Investment Possibilities to Boost Economic Ties
Phnom Penh– A group of U.S. investors from the U.S.-ASEAN Business Council on Thursday visited Cambodia to observe investment opportunities and to boost trade and investment ties between U.S. and ASEAN member countries. The group consisted of 11 U.S. firms led by Frances Zwenig, the Counselor ...
Hands-on contest a hit in Cambodia
Long a popular fixture of US TV and radio competitions, “Hands on a Hardbody,” a marathon endurance contest where participants vie to hold their palms against a car the longest in order to win it, has expanded to Cambodia. More than 80 participants took part ...
Capital’s growth pushes housing demand
Phnom Penh’s growing population is driving demand for residential property, with approvals soaring in the first seven months of this year, according to Lao Tip Seiha, director of the construction department at the Ministry of Land Management, Urban Planning and Construction. A total of 227 ...
Tourism stronger than predicted
The Kingdom’s tourism industry this year will perform much better than the government expects thanks in part to Cambodia’s growing popularity as a vacation destination, investment firm Cambodia Capital has said. Total tourist arrivals to Cambodia for 2011 will reach 2.85 million, while total revenues ...
http://www.phnompenhpost.com/index.php/2011090151407/Business/tourism-stronger-than-predicted.html